Oracle Cuts 21,000 Jobs Amid AI Integration and Data Center Expansion
Oracle Corporation has eliminated 21,000 jobs, representing nearly 13% of its workforce, as the company integrates artificial intelligence to replace human roles. This restructuring effort resulted in $1.8 billion in severance and related costs. The workforce reductions come as the software giant manages the heavy expenses associated with expanding its data center infrastructure. Despite the push toward AI efficiency, investors have reacted with caution, with shares trading lower as the market digests the impact of these cuts.
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